Take me to the text Riya's Catering was started by Riya Jett one year ago. It mainly focuses on the delivery of food from restaurants to various corporate events. The opening balance of the accounts on October 1, 2021 are shown below. Opening Balances - October 1, 2021 Cash $1,060 Accounts Receivable Prepaid Expenses $ 980 $ 480 Equipment $4,600 Accounts Payable $ 1,540 Bank Loan Jett, Capital Required $ 0 $ 5,580 a) Indicate whether assets, liabilities or owner's equity will increase or decrease and by how much, based on each transaction during October. The first transaction has been completed for you. Always ensure that the accounting equation is balanced. Transaction Assets Liabilities Owner's Equity 1) Borrowed $10,400 from the bank. 2) Purchased equipment for $6,200 cash. 3) Billed customer $3,570 for completed catering services, which is due in 30 days. 4) Paid $930 cash for regular cleaning of the business office. 5) Collected $1,580 from customers who owed money. 6) Paid $3,500 in advance for four months of rent. 7) Recorded $1,830 of cash sales for the month. 8) Paid $620 owed to a supplier